When you form a company, selecting a business entity is one of the most important decisions you make. This decision impacts the complexity of your business, taxation structure, business relationships, fees and debt liability. Lassiter & Sperati, PLLC, can help you evaluate your business plan and recommend an entity that reduces your financial risks and promotes growth.
If you are starting a business, call our Rocky Mount office at 252-557-4582 for the experienced counsel that you require.
Evaluating Your Entity Options
There are several types of business entities to evaluate and consider. We commonly assist North Carolina business owners with:
- Sole proprietorships
- General partnerships
- Limited partnerships
- C-corporations
- S-corporations
- Limited liability companies (LLC)
- Limited liability partnerships (LLP)
Lassiter & Sperati, PLLC, has successfully resolved our business community’s legal concerns for over 100 years. We confidently employ this experience to act as your trusted counselors throughout your company’s formation and beyond. Once your business is established, our lawyers can continue to assist you with drafting secure contracts, creating a thoughtful succession plan and resolving business disputes.
Understanding The Benefits Of Formation
Business formation can be overwhelming. There are a number of business entities to consider, and each is governed by complex regulations. However, our attorneys understand the intricacies of each entity and can carefully guide you to avoid potential problems.
If you fail to form your business under the correct entity, you may be personally liable for business debts or liabilities, pay unnecessarily high taxes or lack a comprehensive business structure. The greatest concern of these risks is debt liability. If you fail to protect your family from personal debt responsibility, you place yourself at risk for personal bankruptcy if your business faces financial hardship.
Contact Us For Personalized Guidance
We believe in providing all of our clients with personalized case solutions and responsive counsel. Our attorneys will work closely with you to develop the right formation strategy for your business and help secure your business’s future. Call Lassiter & Sperati, PLLC, at 252-557-4582 to discuss your options with one of our Rocky Mount business law attorneys, or email us today.
